๐ #FOMCMeeting โ US Keeps Interest Rates Same โ What It Means for Crypto ๐ฐ
๐ What Just Happened?
The US government had a big money meeting on July 30.
Itโs called the FOMC Meeting (Federal Open Market Committee).
๐ They said: We will not change interest rates.
The rate stays between 4.25% and 4.50% โ same as before.
๐ค Why No Change?
1. Prices are still going up slowly (called inflation).
Right now, inflation is 2.7%.
But they want it to go down to 2%.
2. Jobs are still strong.
Unemployment is around 4.1%, so most people still have jobs.
3. The US economy is doing okay.
It grew by 3% in the last 3 months.
So, the Fed said: โLetโs wait a little more before changing anything.โ
๐ช What Happened to Crypto?
After the news:
Bitcoin dropped a little โ now around $117,800
Ethereum also fell โ near $3,680
Other coins (like Solana and XRP) also went down by 2โ3%
Why?
โก๏ธ People are waiting to hear what Fed Chair Jerome Powell will say next.
If he sounds calm (dovish), crypto may go up.
If he sounds strict (hawkish), crypto might fall more.
๐ฎ Whatโs Next?
The next big meeting is in September.
Thereโs a 60% chance they will lower interest rates.
Lower rates are usually good for crypto, because it helps money move more.
โ Simple Summary:
US didnโt change interest rates.
Prices are still a little high.
Crypto went down a bit.
Everyone is waiting for Powellโs speech.
๐ฌ Are you buying the dip or waiting more?
Tell me in the comments ๐
#FOMCMeeting #Bitcoin #Ethereum #CryptoNews #CryptoTrading #BinanceSquare
